Accredited Investor
A person or entity permitted to purchase securities without a prospectus, based on having the financial means — and presumed sophistication — to bear the risk.
You qualify as an individual if you meet ANY one of:
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Financial assets (cash + securities, net of related liabilities) exceeding $1,000,000 — alone or with a spouse. Excludes real estate.
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Net income before taxes over $200,000 (or $300,000 combined with a spouse) in each of the last 2 years, with the same expected this year.
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Net assets of at least $5,000,000 — alone or with a spouse. Includes real estate.
Entities that qualify:
financial institutions, registered advisers/dealers, pension funds, governments, and corporations / partnerships / trusts / estates with at least $5M in net assets.
Non-Accredited Investor
Anyone who does not meet the accredited thresholds. You're not excluded from investing on Parvis — non-accredited investors can still access our exempt-market real estate and alternative offerings through specific pathways.
On the Parvis platform, you can typically invest via:
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Offering Memorandum exemption — the primary pathway for non-accredited investors on Parvis. Annual investment caps apply (e.g., $10,000 for retail; $30,000 for eligible investors).
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Family, Friends & Business Associates exemption — if you have a qualifying relationship with the issuer.
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Eligible Investor status — a middle tier between retail and accredited. With net assets over $400,000, or net income over $75,000 ($125,000 with a spouse), your annual OM cap rises from $10,000 to $30,000 — up to $100,000 with registered dealer advice.
Why the limits?
These caps and disclosures exist to protect investors who do not meet the financial thresholds that signal capacity to absorb losses.